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Stock impact report

Comstock (CRK) Stock Jumps 10.7%: Will It Continue to Soar? [Yahoo! Finance]

Comstock Resources, Inc. (CRK) 
Last comstock resources, inc. earnings: 2/26 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 9.8% gain over the past four weeks. Comstock shares surged sharply yesterday, fueled by optimism over rising natural gas prices driven by strong demand expectations amid forecasts of cold weather. The fuel's biggest percentage gain in nearly three years, reaching close to $4 per MMBtu, is likely to boost drilling activity and contributed to the strength in Comstock Resources, a natural gas operator in the Haynesville Shale region of northwest Louisiana and East Texas. This oil and gas company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of -90%. Revenues are expected to be $372.73 million, down 9.2% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows tha Show less Read more
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